Retirement Fund Contribution

Tax Glossary Definition

Retirement Fund Contribution

Contributions made by an employee or employer to recognized retirement funds, such as Provident Fund (PF) or National Pension Scheme (NPS), may be eligible, The eligibility and limit of deduction depend on the type of fund and contribution.

Example: Employee contribution of ₹1.2 lakh to the Employees’ Provident Fund (EPF) is eligible for deduction under §80C.

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